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Dollar slump hits Eu shares; Suez warning, tumbling technology weigh

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MILAN/LONDON (Reuters) – A slump in the $ chock Eu shares on Wednesday & dragged generality of the continent’s indexes into negative district as Wall Street rose.
A decline in utility stocks next a profit caution at France’s Suez (SEVI.PA) & tumbling technology stocks weighed, When a powerful upgrade from Novartis (NOVN.S) provided some support.
The $ fell to a three-year low after the unite states treasury secretary told he welcomed weakness in the currency & as Businessmen worried about unite states President Donald Trump’s protectionist agenda.
“This feels such as the day which the $ surrendered,” told Pierre Martin, a senior discounds merchant at Saxo Bank.
Investors have been lured into Eu equities with the region’s economic healing & expectations of continued earnings growth.

EUROPE MARKETS: Eu Stocks Waver As Euro Rallies; Suez Tanks After Profit Warning

Euro jumps to 3-year high against dollarContinue Reading BelowEuropean stocks swung among small gains & losses on Wednesday, by utility companies leading decliners after a profit caution from Suez SA.
The benchmark Eu index struggled for direction as traders weighed up powerful economic information against a rallying euro & a profit caution from French utility great Suez.
Speaking at the World Economic Forum in Davos, he told a weaker greenback “is perfect for America as it linked to trade & opportunities,” breaking by the usual unite states powerful $ policy.
“Europe’s de facto benchmark was slipping after the 1 of the 1st great profit warnings of Europe’s earnings season, from French conglomerate/utility Suez.
The profit caution too served as a timely reminder of the challenges facing the industry, sending shares of other utility companies reduce too.

Eu shares
Eu shares

 

Dollar slump hits Eu shares; Suez warning, tumbling technology weigh

as mentioned in MILAN/LONDON (Reuters) – A slump in the $ chock Eu shares on Wednesday & dragged generality of the continent’s indexes into negative district as Wall Street rose.
A decline in utility stocks next a profit caution at France’s Suez (SEVI.PA) & tumbling technology stocks weighed, When a powerful upgrade from Novartis (NOVN.S) provided some support.
The $ fell to a three-year low after the unite states treasury secretary told he welcomed weakness in the currency & as Businessmen worried about unite states President Donald Trump’s protectionist agenda.
“This feels such as the day which the $ surrendered,” told Pierre Martin, a senior discounds merchant at Saxo Bank.
Investors have been lured into Eu equities with the region’s economic healing & expectations of continued earnings growth.

 

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